Utah has long been a leader in disciplined planning and investment in transportation. As the state population is expected to increase by over 60 percent by 2040, we must ensure our state’s transportation system will be able to keep pace with population growth, and we also need to maintain the system that we already have. This dynamic growth requires a long-term view and stable, adequate funding mechanism as is provided in S.B. 60.

This bill would reduce the motor-fuel tax to a 14 cent per gallon base, and adjust the rate by multiplying 3.69 percent to the previous year’s average price per gallon of gasoline (before tax). This would preserve current transportation funding as it would never go below the current 24.5 cents per gallon.

This is not a tax increase as the bill is revenue neutral in its first year and critically preserves purchasing power in the motor-fuel tax through the annual adjustments.